The value of the property portfolios held by Australia’s real estate trusts are diverging sharply with some proving more resilient to the pandemic’s effects than others.
Industrial property giant Goodman Group has extended its relationship with internet behemoth Amazon in a new mega-sized fulfilment centre.
Investors flocking to the higher yields and perceived safety of listed property trusts face a month of anguish.
Listed industrial property juggernaut Goodman Group will accelerate its $5 billion development program to cope with the rising demand for warehouses.
Industrial property giant and the country's largest listed trust Goodman Group has raised $1.7 billion through the sale of Central Europe-based assets.
Qantas and Virgin are in the firing line as global corporations ban international business travel because of the risk of employees catching the virulent coronavirus.
Goodman Group,the biggest Amazon landlord in Australia,has hiked its full-year earnings forecast on the back of unrelenting growth in demand for warehouse space.
Industrial property landlord Goodman says it's still on track to achieve its $5 billion work in progress target,as it looks to ride the online retail wave.
Goodman Group,Mirvac and Lendlease will outperform other real estate trusts over the next three years,an investment bank says.
Industrial giant Goodman Group has reported an operating profit of $942 million,up 11.4 per cent.
Industrial property specialists Goodman Group,together with Mirvac and Dexus,have the best located properties,being within a 15 minute drive to capital cities.